Chainlink LINK: Technical Analysis Shows Strong Bullish Momentum as RWA and Layer 1 Altcoins Poised for Next Cycle Surge

As the cryptocurrency market prepares for another bullish cycle, altcoins in the Real World Assets (RWA), Layer 1, and memecoin sectors are emerging as prime candidates for significant gains. Chainlink (LINK) exemplifies this trend, with its price action demonstrating steady accumulation and strong bullish momentum. Trading between $23.52 and $28 this week, LINK has gained 3.93%, supported by a 56 RSI and a modest MACD uptick. Over the past month, the token has surged 27.55%, outperforming many large-cap peers.

The broader market is witnessing a shift toward niche sectors, where early movers often capture outsized returns. LINK's technical setup suggests potential upside to $30 if it breaks through the $28 resistance, with a further rally to $35 possible. Conversely, failure to hold current levels could see a retracement to $21.21 or even $16.73. The absence of frenzied volume spikes indicates a measured, sustainable advance rather than speculative froth.